Why India hopes to make it into more big financial indices
Will others follow the example of JPMorgan Chase?
In theory, financial indices are similar to thermometers, providing objective numbers that reflect external conditions. In reality, especially if the underlying securities are bonds, human choices about their composition make an enormous difference—as India is now demonstrating.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “A $24bn decision”
Finance & economics October 7th 2023
- A surge in global bond yields threatens trouble
- Oil prices fall, defying suggestions of a $100 barrel
- Why investors cannot escape China exposure
- Why India hopes to make it into more big financial indices
- China’s greying population is refusing to save for retirement
- How carbon prices are taking over the world
- To understand America’s job market, look beyond unemployed workers
From the October 7th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful